Related with loan from shareholders by a company
This query is : Resolved
Krishna Joshi
(Querist)
01 June 2019
IF A PRIVATE UNLISTED COMPANY TAKES LOAN FROM ITS SHAREHOLDERS , THEN THE COMPANY SHOULD PAY INTEREST OR NOT ON LOAN .
PLEASE GUIDE ME.
PLEASE TELL ME THE RELATED PROVISION ON IT.
PLEASE GUIDE ME.
PLEASE TELL ME THE RELATED PROVISION ON IT.
Amol S Joglekar
(Expert)
01 June 2019
Company can pay interest on loan from share holder. It is the mutual relationship between company and its share holder
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